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10-YEAR YIELD TECHS: Failing To Make A Break.....>

US
US: 10-YEAR YIELD TECHS: Failing To Make A Break Higher
*RES 4: 3.1261 High May 18
*RES 3: 3.0139 High Aug 1
*RES 2: 2.9640 Triangle top from May high
*RES 1: 2.9228 Aug 6 Low, Support-Turned-Resistance
*PRICE: 2.8749 @ 16:10 GMT
*SUP 1: 2.8608 50.0% 2.8063-2.9189
*SUP 2: 2.8296 Aug 31 low
*SUP 3: 2.8169 Triangle bottom from April low
*SUP 4: 2.8053 Jul 6 Low
After a brief push through 2.9000 on Wednesday and earlier Thursday, the 10-Yr
yield has for now rejected resistance in that area (which includes the 100-DMA
at 2.9189) and is beginning to lose momentum. On the downside, the 10-Yr
continues to flirt with support at 50-DMA at 2.8849, while the medium-term
bearish thesis would require a decisive break of support the triangle bottom at
2.8169.

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